Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Financial Data Transparency Act Joint Data Standards

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); National Credit Union Administration (NCUA); Consumer Financial Protection Bureau (CFPB); Federal...

Prohibition on the Use of Reputation Risk

AGENCY: National Credit Union Administration (NCUA). SUMMARY: On October 21, 2025, the Board issued its Notice of Proposed Rulemaking to codify the elimination of reputation risk from its supervisory framework. This change aligns with Executive Order 14331,...

Sunshine Act Meetings

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov. The documents...

Credit Union Professionals Move Up and On

This past week, six credit unions announced new hires and promotions. Plus, one credit union announced the retirement of its long-time CEO. EAST The $3 billion Service Credit Union in Portsmouth, N.H., promoted two employees. Fawn Terwilliger was promoted to chief...

Former CU Employees Sentenced After Embezzlement Uncovered

A former CEO of a West Virginia credit union who embezzled more than $156,000 over three years was sentenced to one day in jail, while a teller who worked for an Alaskan credit union for few months and stole more than $100,000 will serve one year in federal prison....

6 Tax Season Cybersecurity Risks to Avoid

Tax-related themes are frequent lures for phishing emails and websites. Sunnyvale, Calif.-based Proofpoint revealed cybercriminals expanded their attack methods this tax season to include ransomware, malware, malicious documents, and social engineering. In a blog the...

Consumers Still Struggling to Open Accounts Digitally

Opening a checking account using only a smartphone or tablet is still a pipe dream for most users, according to new research from Javelin Strategy & Research.  According to a study of nearly 1,400 people who successfully applied for checking accounts at the...

NAFCU Calls on Financial Stability Council to Void CFPB Rules

NAFCU is asking the Financial Stability Oversight Council (FSOC) to step in and void new regulations issued by the CFPB. In a letter to Treasury Secretary Steven Mnuchin NAFCU President/CEO B. Dan Berger requested that FSOC use its authority under Dodd-Frank to stay...

Former CEO Faces Felony Charge

A former president/CEO of a merged Nebraska credit union will face a federal judge March 14 on six felony bank fraud charges. According to an indictment filed by federal prosecutors last week, Christine Darley, 44, allegedly embezzled more than $535,000 from the $3...